# PreAct Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/preact-technologies

- Industry: Software
- Headquarters: Portland, US
- Website: www.preact-tech.com
- Total disclosed funding: $34M
- Latest round: Series B (Apr 25, 2023)
- Investors on record: 8

## About

PreAct Technologies, Inc., located in Portland, US, specializes in advanced computer vision solutions, leveraging innovative technology to enhance user interaction and operational efficiency across various sectors.Founded in 2018, PreAct Technologies, Inc. focuses on providing advanced computer vision capabilities. The company has conducted 7 deals, with the most recent round of funding occurring on April 25, 2023. During this Series B round, the company raised USD 6.00 mn, led by I Squared Capital, with additional participation from Luminate, State Farm Ventures, and Traylor Capital, LLC. The total amount raised by the company now stands at USD 6.00 mn. The CEO of the company is Paul Drysch, who, alongside Kurt Brendley, founded PreAct Technologies.PreAct Technologies specializes in advanced computer vision solutions, primarily through its flagship product, Gestoos CREATOR, a web-based platform that harnesses state-of-the-art image recognition technology to develop AI models capable of detecting and classifying a wide range of human behaviors. The platform allows users, including university students, researchers, and professionals, to create custom detection engines designed for high performance and robustness. Its applications span various industries, addressing challenges such as gesture recognition and movement analysis, thereby enhancing user interaction and operational efficiency. PreAct's technology is deployed in diverse geographical markets, including North America, Europe, and parts of Asia, catering to an extensive client base that encompasses educational institutions, commercial enterprises, and research organizations.PreAct Technologies generates revenue through a structured subscription model centered around its Gestoos CREATOR platform. The company offers multiple pricing tiers tailored to different user needs, including an educational license priced at USD 1,500 per year, a full license at USD 3,500 per year, and custom enterprise solutions for larger teams managing complex projects. Transactions typically occur directly between PreAct and its clients, with users subscribing to the platform based on their operational requirements. This model facilitates continuous access to software updates and support, effectively fostering long-term client relationships. By engaging with a diverse client base and offering specialized services, PreAct solidifies its position in the computer vision market while ensuring consistent revenue streams from its flagship offerings.In April 2023, PreAct Technologies, Inc. raised USD 6.00 mn in Series B funding led by returning investor I Squared Capital, with participation from Luminate, State Farm Ventures, and Traylor Capital, LLC. The company plans to utilize this funding to enhance its research and development efforts in AI-based computer vision solutions and to expand into industrial applications beyond the automotive sector. Specific target markets for this expansion have not been disclosed, but the funds will support the development of upcoming products that aim to broaden the company’s application areas.

## Funding rounds

- Series B, Apr 25, 2023, $6M — I Squared Capital, Luminate, State Farm Ventures, Traylor Capital ,LLC
- Series B, Dec 20, 2022, $14M — I Squared Capital, Luminate, State Farm Ventures, Traylor Capital ,LLC
- Series A, Nov 16, 2021, $13M — Gotham Partners, State Farm Ventures, elev8.vc, Stargazer Ventures, Traylor Capital ,LLC
- Seed, Sep 27, 2019 — Social Impact Capital, elev8.vc
- Angel, Apr 29, 2019, $1M — elev8.vc

## Investors

- elev8.vc (https://capitalatlas.ai/funds/elev8-vc) — Angel, Seed, Series A
- Social Impact Capital (https://capitalatlas.ai/funds/social-impact-capital) — Seed
- Gotham Partners — Series A
- State Farm Ventures (https://capitalatlas.ai/funds/state-farm-ventures) — Series A, Series B
- Stargazer Ventures (https://capitalatlas.ai/funds/stargazer-ventures) — Series A
- Traylor Capital ,LLC — Series A, Series B
- I Squared Capital (https://capitalatlas.ai/funds/i-squared-capital) — Series B
- Luminate (https://capitalatlas.ai/funds/luminate) — Series B